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20121027
20121104
Search Results 0 to 9 of about 10 (some duplicates have been removed)
points. shares of chesapeake energy helped drag down energy stocks. the natural gas producer reported a third quarter loss and said it is delaying scheduled asset sales. there was one bright spot though on the day for sure. that was starbucks. shares of the coffee giant soared 9%. it solid beat fiscal fourth quarter earnings estimates while raising the full-year profit outlook. look at that stock. >>> now to our top story. the dire gas shortage is a consequence of the super storm. drivers are waiting for hours upon hours to fill up tanks only to be turned away because the station's tanks run down while awaiting. cars are being abandoned in lines up to half a mile long because they can't get gas. there are reports of gas rationing siphoning and fights breaking out at stations. we even heard of one instance of someone pulling a gun because someone cut a gas line. things are falling apart in new york. everyone wants to know how long will it be before drivers have access to gas? joining me now, patrick dehaan, chief petroleum analyst with gasbuddy.com. i was talking to someone before the
as the storm is causing blackouts my next guest says our whole energy policy is wrong. he says there could be more than half a million jobs created in swing states in the next three to five years from hydrocarbon energy. mark mills is senior fellow with the manhattan institute. i was really interested to read your study. i thought one of your most interesting points was that we are oriented towards conservation and protectism of domestic resources right now but we could actually be a major producer and could be exporting energy which seems hard to get from here to there. you really think we have that much? >> well i know we have that much and this is the real surprise. in energy policy that we have to really change how we look at energy fundamentally. we've operated under the basis from almost half a century now since the big oil embargo of 1973 on the assumption that we're running out of oil, that we can't make enough here and only way out of this is find replacements for oil or conserve our way out of it. both those are important by the way, they continue to be important but what happene
gauge report breaking down the biggest headlines affecting the energy industry and their impact on the economy. hurricane sandy gave oil price as boost. crude settled up 23 cents at 86.28 a barrel. that is still 4% decline on the week. meanwhile natural gas futures fell in anticipation of the supe storm. that is because concerns over power and refinery outables helped lower the outlook for demand. >>> this one is absolutely nuts. german windmills are putting central your peep power grids at risk of blackouts. there is so much electricity being generated, the grids are being pushed to their breaking point. the czech republic an poland are threatening to cut off shared power lin in germany if the electricity bottleneck is not resolved. how crazy is that? >>> breaking news we have upte on senate majority leader harry reid in a car accident. back torobert gray with more details. >> fox news saying senior senate sources, reid, walked into the hospital under his own power and is now being checked out. his caravan was in a six car pileup in las vegas. was taken to ucm hospital there. s
the country. gas and other energy prices could rise no matter where you live. "money" is breaking it all down. also money tonight, the owing bell will ring once again on wall street. restart of trading tomorrow create a perfect storm for stocks. we're going to explain that. >>> does our government now need a secretary of business? president obama thinks so. what about the business community? we're going to get reaction straight from business owners mouths. even when they say it's not, even in this storm, it's always about money melissa: so, starting off tonight, no doubt hurricane sandy will cost a lot of money. it is still going strong, headed right for western new york. let us get the latest on the path from weather.com meteorologist. bernie, what is it getting ready to hit now? >> it is off to the east of pittsburgh. as you mentioned melissa, it is moving northward, when you take a look at storm, look how large it is. it is covering the eastern half of the united states. there is moisture feeding in on the earn end of it from the tropics. that is why we still have so much rain talking abou
fueling the storm at this point in giving its energy, but keeping it going for the time being. what it is expected to slowly but surely wind down. here's a waters cope. you can see we have plenty of rain falling anywhere from made all the way down to new england into new york, new jersey. emily curious to see what things look like down around d.c. in toward delaware, maryland. yes, they're going to have all lot of flooding issues because they're seen heavy rain for a long time. heavy wet snow back out toward the viejo is. so there has been a huge storm. again, the fact that the hurricane was able to produce no is pretty interesting. nonetheless, things started to wind down. the satellite to other cloud tops starting to disappear is another indication that the storm continues to weaken. look at these hours. still going on. some yellow, perhaps even some underground. some of that heavy rain is still present. i'm thinking some localized flooding, the river flooding that we get up around northern new jersey could be happening again because this thing does take a while to get out of the
the rally. crude climbed about 1%, settling at 87.09 a barrel. the energy information agency reports that u.s. oil production hit its highest level since january of 1995. the u.s. is now producing 6.67 million barrels of crude per day. >>> exxonmobil expanding its presence in the gulf of mexico. the company says it has acquired minority stakes in two deepwater prospects in the gulf. >>> lawyers in argentina are aiming to seize $2 billion worth of chevron assets. the lawyers represent a group of ecuadorians who won a $18.7 billion judgment last year for alleged environmental damages. that fight goes on. >>> next on "money", government agencies getting major praise for their handling of the super storm but it could mean trouble for republican candidates on election day. >>> plus seeking government help, guess is is offering a hand to victims of storm? iran. it is possible they dialed the wrong phone number. we have details coming up straight ahead. ♪ look, if you have copd like me, you know it can be hard to breathe, and how that feels. copd includes chronic bronchitis and emphysema. spiriv
the biggest headlines affecting the energy industry and their impact on the economy. first up, crude prices rose on their first day of trading since superstorm sandy renewed demand and helped drive prices up more than half a percent, settling at 86.24 a barrel. good news for nine major oil refineries on the east coast, assessments found they avoided serious damage. seven are working back towards normal operations. meanwhile short-term supply worries pushed up gasoline futures prices. they settled up more than 1% on the day. >>> president obama banging the drum on the rich paying their fair share on taxes. he has less than a week to sell the message. we're breaking down the facts. >>> plus, mayor michael bloomberg tells president obama, i think we don't need you to visit new york city, thanks very much. i think that makes it a lot of sense. one of the people on the show says it is a major slight and he is coming here to disagree with me. more coming up. ♪ . melissa: so it is the final stretch to six days till the election and the tax debate is getting even louder. the major battle cry from
Search Results 0 to 9 of about 10 (some duplicates have been removed)